Steel Sector Comparison

The steel industry in Malaysia can be categorically subdivided into two main segments, namely the long products and the flat products --
Steel consumption is projected to grow at an annual rate of 5%, with the ratio of longs to flats falling to about 40:60 by 2007. As Malaysia continues to industrialise, the consumption pattern will progressively favour flats as is
evidently seen in other newly industrialised countries. The anticipated increase in flats consumption is also due to the expanding manufacturing sector, being the main driver of industrial development in the coming years.
On the other hand, the longs segment will continue to depend on the construction sector, primarily the residential sub-sector as large infrastructure projects will be progressively scaled down under the new administration.

I've swap my lionind fund into cscsteel, the reason:



CSCsteel cash balance after deduct all the debt still left RM0.82 per share as market price 1.75 - 0.82 = RM0.93
You're actually paying 1.04 Per share for Cscteel which give you PE 2.63
Cscsteel is the highest Margin compare to others
The only debt free company CSCsteel